In their calculation, concentration ratios take barriers to entry into a market into consideration
Indicate whether the statement is true or false
FALSE
Economics
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When PAE < Y the economic response should be:
A. eventually production will decrease. B. eventually production will increase. C. there will be no change in aggregate production. D. the government will intervene by cutting down on taxes.
Economics
A major force leading the U.S. economy to full employment after the Great Depression was
a. higher interest rates. b. higher reserve requirements. c. government spending for World War II. d. automobile production.
Economics
What usually happens after an adverse supply shock?
What will be an ideal response?
Economics
What is the difference between ordinal and cardinal measurement?
What will be an ideal response?
Economics